In a call with the company, we received an overview of both the short-and long-term issues which comforted us in our investment case and positive recommendation. The short-term catalyst (12-18 months) definitely and unsurprisingly relies on the strategic plan aimed at deleveraging the company, and restoring margins and ROCE by the end of 2017e. The plan has already begun to bear fruit as seen in H1 16, while 50% remains yet to be accomplished. However, the strong execution so far confers visi
21 Sep 2016
Transformation story is well on track
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Transformation story is well on track
Nexans SA (NEX:PAR) | 0 0 0.3% | Mkt Cap: 1,953m
- Published:
21 Sep 2016 -
Author:
Lionel Pellicer -
Pages:
3
In a call with the company, we received an overview of both the short-and long-term issues which comforted us in our investment case and positive recommendation. The short-term catalyst (12-18 months) definitely and unsurprisingly relies on the strategic plan aimed at deleveraging the company, and restoring margins and ROCE by the end of 2017e. The plan has already begun to bear fruit as seen in H1 16, while 50% remains yet to be accomplished. However, the strong execution so far confers visi